Tag Archives: Anirban Basu

Construction input prices dipped 1.4 percent in December and are down nearly 1 percent on a year-over-year basis, according to the recently released producer price index report from the U.S. Department of Labor. Inputs to nonresidential construction fell further, down … Continue reading →

While the backlog in construction was strong in the second quarter, it was even more robust in the third, according to the Associated Builders and Contractors (ABC). ABC’s Construction Backlog Indicator (CBI) reached a new all-time high during the third … Continue reading →

Nonresidential construction employment slipped in October, as the sector lost 1,900 jobs on a monthly basis. However the U.S. construction industry as a whole added 12,000 jobs in the month, according to the Bureau of Labor Statistics (BLS). Meanwhile, September’s … Continue reading →

Nonresidential construction spending slipped 1 percent in September but has still expanded 4.2 percent on a year-over-year basis, according to the U.S. Census Bureau. Spending for the month totaled $596.1 billion on a seasonally adjusted, annualized basis. “September’s drop in … Continue reading →

Nonresidential construction spending saw a dip in August, according to recently released data from the U.S. Census Bureau. Nonresidential construction spending shrank 1.2 percent on a monthly basis in August, though it has still managed to expand 6 percent year-over-year. … Continue reading →

The Associated Builders and Contractors (ABC) Construction Backlog Indicator (CBI) reached an all-time high in the second quarter of 2014. The CBI improved 5.4 percent following a 2.8 percent decline in the first quarter and currently stands at 8.5—up 3.6 … Continue reading →

How is the housing recovery faring? Well it depends on where you live as major discrepancies still exist in different markets. Slow income growth is also prohibiting home purchases, while “part of the slow recovery has to do with slow … Continue reading →

While the U.S. construction industry gained 6,000 jobs from April to May, nonresidential construction segments lost 500 jobs, according to an employment report by the U.S. Department of Labor (DOL). “Coming into [Friday’s] release, the nonresidential construction industry was expected … Continue reading →

Construction materials prices rose only 0.3 percent in August and are up 1.4 percent year over year, according to the September 13 Producer Price Index released by the Department of Labor. In addition, nonresidential construction materials increased 0.5 percent for … Continue reading →

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